SCHUMACHER ELECTRIC CORPORATION

Summary of PPP (Paycheck Protection Program) Loan approved to SCHUMACHER ELECTRIC CORPORATION by Pilot Bank. The loan was approved on 4/27/2020 in the range of $1-2 million.

Business Information

Name:

SCHUMACHER ELECTRIC CORPORATION

801 E BUSINESS CENTER DR
MOUNT PROSPECT, IL 60056
Business type: Subchapter S Corporation
Electrical Equipment, Appliance, and Component Manufacturing
→ All Other Miscellaneous Electrical Equipment and Component Manufacturing
Non-profit: No
Loan amount: $1-2 million
(50 Jobs retained)
Date approved: April 27, 2020
Lender Pilot Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.